Assured Guaranty unit insures £90M of bonds
The bond issuance will finance the refurbishment and redevelopment of existing student accommodations at Kingston University.
Assured Guaranty (Europe) PLC has insured principal and interest payments on £90 million of bonds issued by Kingston Student Living LLP.
The 35-year bonds, distributed in two tranches of fixed and index-linked debt, closed July 29, and were sold as a private placement to U.K. investors.
The bond issuance will finance the refurbishment and redevelopment ...